Bulletin n. 2/2016
December 2016
INDICE
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Georgina Murray, David Peetz
    Financial Markets, Climate Change, and Paradoxes of Coordination and Intervention
    in Perspectives on Global Development and Technology , Volume 15, Issue 5 ,  2016
    While capitalism as a system follows a logic that drives it toward environmental degradation, not every corporation blindly follows. Not all capital is opposed to action on climate change as corporations have their own internal logic and agency. This divides different parts of capital. For some corporations their logic promotes long-termism and environmental sustainability as this maximizes their profit (e.g. insurance companies). So ownership and the old divisions between industrial and finance capital are less relevant as corporations become increasingly financialized. The principal cleavage on climate issues is between companies whose profits are enhanced or threatened by carbon emissions.
    ©2001 - 2020 - Centro Studi sul Federalismo - P. IVA 94067130016